The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for July 2022: New Home Sales Sales of new single-family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S. Census Bureau […]
PPG Invests $11 million to Double Powder Coatings Capacity in Mexico
PPG announced that it will invest $11 million to double the production capacity of its powder coatings plant in San Juan del Rio, Mexico. The expansion project is expected to be completed by mid-2023 and will allow the plant to meet the expected future demand for powder coatings in Mexico. “With this investment, the plant […]
Kodiak Building Partners Claims Position on Acclaimed Inc. 5000 List of Fastest Growing Private Companies for Fifth Year Running
Kodiak Building Partners has secured its reputation as a growing national leader within the lumber and building materials distribution industry by earning a place on the prestigious Inc. 5000 list of rapidly growing American companies. For the 2022 list, Kodiak is ranked No. 4,106, placing them as the 189th fastest-growing company in construction and building […]
Gibraltar Acquires Quality Aluminum Products for $54 Million
Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today announced it has acquired Quality Aluminum Products (QAP), a manufacturer of residential building products, for $54 million in cash, subject to customary adjustments for working capital. QAP manufactures aluminum and steel products including soffit, […]
Conifex Provides Operational Updates
Conifex Timber Inc. (“Conifex”) (TSX: CFF) announced that it is reducing its operating schedule to a one-shift basis at its Mackenzie, British Columbia sawmill commencing August 29, 2022. The reduction is the result of acute transportation challenges that have afflicted the overall industry since about November 2021, and which continue to persist. The reduced operating […]
Music, Art and Family Fun at Ashley for the Arts Brings Nearly $650,000 in Donations for 70+ Area Non-Profits
It was a successful weekend in Arcadia at Ashley for the Arts that took place August 11-13. The annual three-day music and arts festival hosted tens of thousands of fans with an array of headline entertainment, art and craft vendors, rows of food vendors, an inflatable air park, a lumberjack show, street performers, fireworks and […]
Flexsteel Industries, Inc. Reports Fiscal Fourth Quarter and Full Year 2022 Results
Flexsteel Industries, Inc. (“Flexsteel” or the “Company”), one of the largest manufacturers, importers, and marketers of residential furniture products in the United States, today reported fourth quarter and full-year fiscal 2022 results. Key Results for the Fourth Quarter and Full Year Ended June 30, 2022 Net sales for the quarter decreased by 8.6% to $124.5 million compared to $136.2 million in […]
MBA: July Purchase Mortgage Applications for New Homes Decreased 16.1 Percent
The Mortgage Bankers Association (“MBA”) Builder Application Survey (“BAS”) data for July 2022 shows mortgage applications for new home purchases decreased 16.1 percent compared from a year ago. Due to a revision in the prior month’s submission from one of our participants, MBA is restating June results. Compared to June 2022, applications decreased by 7 […]
Mosaic Forest Management Appoints Rob Gough as President and CEO
Mosaic Forest Management announced today that the Board of Directors has appointed Rob Gough as its President and Chief Executive Officer, effective September 1, 2022. Mr. Gough has nearly 30 years of international natural resources experience, serving most recently as Mosaic’s Senior Vice President and Chief Commercial Officer and, before that, within the mining sector […]
Cybersecurity: Mitigation Measures
There are many ways to prevent cybercrime—including tools, resources, best practices, and policies—that will help mitigate risks, experts point out. First steps Greg Gatzke, president of ZAG Technical Services, Inc., a San Jose, CA-based IT consulting firm and managed services provider, says the first step for any company is to realize it is, actually, a […]